Georgia Housing Market: Home Prices, Rent and Affordability
The typical Georgia home is worth $330,817, down 0.5% over the past year and up 22.2% over five years, 10.3% below the national $368,697 (Zillow, latest release). That ranks #29 of 50 on price. A 20%-down mortgage runs $1,702 a month and takes about $90,495 of income; the median Georgia household earns $71,355, $19,140 short.
In Atlanta, the state's largest metro, typical rent is $1,853 a month against a $1,942 principal-and-interest payment on the typical home, so renting is $89 a month cheaper before taxes, insurance and maintenance. The market is cold: 28.8% of listings cut their price (national 26.4%), homes go pending in 71 days (national 53), and for-sale inventory is up 4.9% from a year ago.
All figures are Zillow Research's published numbers for August; median household income is from the Census Bureau. How the data works → · Home prices in all 50 states →
Georgia Housing by the Numbers
How much does a house cost in Georgia? The typical home is worth $330,817, the median sale price is $349,933 and the median list price $381,633. The six figures below describe the market this month, each with the national comparison.
How Have Georgia Home Prices Changed?
The typical Georgia home value every month since 2000, with the national typical home as a dashed line. Values fell 0.5% over the past year, are up 22.2% over five years, up 96.9% over ten, and up 160% since January 2000.
Is It Cheaper to Rent or Buy in Georgia?
Two direct answers from the Zillow data. Rent versus buy sets typical asking rent in Atlanta, the state's largest metro, against the mortgage payment on the typical home there, since Zillow publishes rents by metro rather than by state. The affordability gap is the income needed to buy the typical Georgia home minus what the median household actually earns.
Rent vs. buy · Atlanta, GA
The payment excludes property tax (0.83% of value in Georgia), insurance and maintenance, all of which push the cost of owning higher; renting builds no equity. If values kept rising at the past five years' pace (22.2%), equity would narrow that gap over a long stay.
Affordability gap · #24 of 50
A $1,702 monthly payment takes 28.6% of the median Georgia household's income before property tax and insurance; lenders generally cap total housing costs near 28–31%. Full budget for your household →
Is Georgia a Buyer's or a Seller's Market?
Market temperature is our label from three Zillow signals compared with the national market: the share of listings with a price cut, days from listing to pending (days on market), and whether homes for sale are up from a year ago. Georgia is cold: it buyers hold the leverage: more price cuts, slower sales and rising inventory compared with the national market.
Median sale price $349,933 against a median list price of $381,633, so the typical home closes 8.3% below asking.
Where the Georgia market is heading
Compared with a year ago, two of the three signals point looser, in buyers' favor: the share of listings with a price cut is down 0.7 points from a year ago to 28.8%, homes take 6 days longer to go pending than a year ago (71 now), and the number of homes for sale is up 4.9%. The typical home value fell 0.5% over the same period and is 2.8% below its September 2024 peak of $340,324. We publish no forecasts: these are Zillow's current-month readings, not a prediction of where Georgia home prices go next.
Home Values and Rents in Georgia Cities
Zillow publishes a city-level home value or rent for 15 of the Georgia cities we track. The most expensive is Brookhaven ($744,798) and the cheapest Albany ($133,518). Click a city for its full profile.
| City | Population | Home value | 1 yr | 5 yr | Rent | Rent 1 yr | Value ÷ income |
|---|---|---|---|---|---|---|---|
| Atlanta | 510,826 | $381,948 | -2.0% | ||||
| Columbus | 201,877 | $175,951 | +2.9% | ||||
| Savannah | 147,751 | $322,239 | -2.8% | ||||
| Sandy Springs | 105,803 | $692,396 | +3.5% | ||||
| Roswell | 91,708 | $653,146 | +1.3% | ||||
| Warner Robins | 84,151 | $215,087 | +3.0% | ||||
| Johns Creek | 81,119 | $695,041 | +0.6% | ||||
| Albany | 67,373 | $133,518 | +2.0% | ||||
| Alpharetta | 67,054 | $716,629 | -0.2% | ||||
| Marietta | 61,773 | $471,117 | -1.2% | ||||
| Brookhaven | 57,224 | $744,798 | +3.2% | ||||
| Smyrna | 56,285 | $443,309 | -2.2% | ||||
| Valdosta | 55,222 | $214,117 | +4.0% | ||||
| Dunwoody | 51,563 | $672,389 | +2.6% | ||||
| Gainesville | 44,051 | $371,176 | -1.0% |
Home value and rent are Zillow's city-level indexes; population and median household income are Census ACS. Cities without a Zillow index are omitted. All Georgia cities ranked →
How Georgia Compares With Nearby States
The South states closest to Georgia on price. Each card links to that state's housing page; the compare link puts the two states side by side on every category.
More on Georgia
Georgia dashboard
→Overall rank and grade, every category score, taxes, utilities, safety, schools and all tracked cities.
What you'd keep in Georgia
→Take-home after housing, taxes, childcare, utilities and groceries for your household and income.
Who is moving to Georgia
→IRS migration data: where new residents come from, where leavers go, and what both groups earn.
Georgia Housing Market FAQ
What is the average house price in Georgia?
$330,817 is the typical Georgia home value according to the latest Zillow Research release of the Zillow Home Value Index, which tracks homes in the middle third of the market. The median sale price was $349,933 and the median list price $381,633. That makes Georgia the #29 most expensive state; the national typical home is worth $368,697.
Are home prices dropping in Georgia?
Yes. The typical Georgia home value fell 0.5% over the past year, and it is 2.8% below its September 2024 peak of $340,324. Over five years it is up 22.2% and over ten years up 96.9%. Nationally, values rose 1.2% over the year.
How have Georgia home prices changed over the past 1, 5 and 10 years?
-0.5% over one year, +22.2% over five years and +96.9% over ten years for the typical Georgia home value, per the latest Zillow Research release; the national figures are +1.2%, +20.3% and +77.9%. Since January 2000 the typical Georgia home is up 160%. The monthly chart above shows the full series against the national line.
Will the Georgia housing market crash?
We publish no forecasts, so this page cannot answer that; it can show the current readings and the historical worst case. Right now the typical Georgia home value is 2.8% below its September 2024 peak of $340,324 after it fell 0.5% over the past year; 28.8% of listings have cut their price (national 26.4%), homes go pending in 71 days (national 53), and inventory is up 4.9% from a year ago, per Zillow Research. The largest decline in Zillow's monthly series for Georgia was 30.3% from August 2007 to February 2012, and values took 61 months to regain that peak.
Is it a good time to buy a house in Georgia?
The Georgia market is cold right now, which means it buyers hold the leverage: more price cuts, slower sales and rising inventory compared with the national market. 28.8% of listings cut their price (national 26.4%), homes go pending in 71 days (national 53), and for-sale inventory is up 4.9% from a year ago. Affordability is the constraint: buying the typical home takes $90,495 of income, $19,140 more than the median household earns. Whether the timing is right also depends on mortgage rates and how long you plan to stay.
Is Georgia a buyer's or seller's market?
Georgia leans toward buyers. More listings are cutting prices than the national average (28.8% vs. 26.4%), homes take 71 days to go pending (national 53), and the number of homes for sale is up 4.9% from a year ago at 59K listings. Three of those three signals point toward buyers.
What is the average rent in Georgia?
In Atlanta, Georgia's largest metro, the typical asking rent is $1,853 a month, up 2.0% over the past year and up 14.4% over five years, per the Zillow Observed Rent Index. The national typical rent is $1,948. Among Georgia cities we track, rents range from $1,008 to $2,548 a month.
Is it cheaper to rent or buy in Georgia?
Renting is cheaper month to month in Atlanta, Georgia's largest metro. Typical rent is $1,853 and the principal-and-interest payment on the typical home with 20% down is $1,942, a difference of $89 a month in favor of renting. The payment excludes property tax (0.83% of value in Georgia), insurance and maintenance, and renting builds no equity, so the full answer depends on how long you stay.
How much income do you need to buy a house in Georgia?
About $90,495 a year, using Zillow's assumptions of 20% down at current mortgage rates and a payment of no more than 30% of income. The median Georgia household earns $71,355, so the typical household is $19,140 short. That is the #24 smallest affordability gap of the 50 states. The monthly payment of $1,702 equals 28.6% of the median household's income.
Where are homes cheapest and most expensive in Georgia?
Among the Georgia cities we track with Zillow data, the most expensive typical home is in Brookhaven ($744,798) and the cheapest in Albany ($133,518). Also at the top: Alpharetta ($716,629), Johns Creek ($695,041), and Sandy Springs ($692,396). The city table above lists every tracked Georgia city with its value, one-year change and rent.
How does Georgia compare with nearby states?
In the South, the closest comparisons on price are Tennessee ($334,108, up 0.7% in a year), North Carolina ($334,773, flat in a year), and South Carolina ($306,323, up 1.0% in a year). Georgia's typical home is $330,817, down 0.5%. On affordability, Georgia ranks #24 of 50 versus Tennessee at #31, North Carolina at #27, and South Carolina at #25.
How current is the Georgia housing data?
Every figure on this page comes from Zillow Research, which publishes state, metro and city data free each month for the prior month; the latest month shown is August. Median household income is from the Census Bureau's American Community Survey. We rebuild the page from the newest Zillow files as they are released.
Home values, rents, mortgage payments, income needed, inventory, price cuts, days to pending and sale and list prices are published by Zillow Research and shown as released, with attribution. Median household income and city populations are from the Census Bureau's American Community Survey. Home prices and housing markets in all 50 states →